SOURCE: Shalov Stone Bonner & Rocco LLP

Shalov Stone Bonner & Rocco LLP

August 05, 2009 15:34 ET

Shalov Stone Bonner & Rocco LLP Announces Class Action Against Huron Consulting Group Inc.

NEW YORK, NY--(Marketwire - August 5, 2009) - Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of Huron Consulting Group Inc. ("Huron" or the "Company") (NASDAQ: HURN) between April 27, 2006 and July 31, 2009, inclusive (the "Class Period"). The lawsuit is pending in the United States District Court for the Northern District of Illinois against Huron and certain of its officers and directors.

The complaint alleges that, throughout the Class Period, the defendants made false and misleading statements and failed to disclose material adverse facts. According to the complaint, the defendants made false statements concerning Huron's financial performance and its compliance with General Accepted Accounting Principles. Specifically, Huron misaccounted for payments made as part of acquisitions. Because the defendants deceived the public by overstating Huron's income and business prospects, the Company's stock traded at artificially inflated prices. On July 31, 2009, Huron announced that its financial results from 2006 through 2008 and the first quarter of 2009 would have to be restated. In response to this announcement, the price of Huron's stock fell more than 69%.

Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution of class actions on behalf of investors. For more information about the firm, please visit its website at: www.lawssb.com

If you would like additional information about the lawsuit or would like to participate in it, please contact investor rights attorney Amanda C. Scuder, at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; email: ascuder@lawssb.com).

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